Simpson Thacher, acting as sole international counsel, represented Citigroup Global Markets Inc., J.P. Morgan Securities plc, Merrill Lynch International and The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) as dealers, in connection with the update of the US$11 billion Global Medium Term Note programme of Korea Electric Power Corporation (“KEPC”). In addition, Simpson Thacher, acting as sole international counsel, represented Citigroup Global Markets Inc., J.P. Morgan Securities plc, Merrill Lynch International and HSBC, as joint lead managers, in connection with the offering of US$400 million 4.750% Senior Unsecured Notes due 2028 by KEPC under its Global Medium Term Note programme. The offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended.
KEPC is an integrated electric utility company engaged in the transmission and distribution of substantially all the electricity in Korea. Through its six wholly owned generation subsidiaries, KEPC also generates the substantial majority of electricity produced in Korea. As a predominant market participant in the Korean electric power industry, KEPC is providing a full range of services such as power plant construction and specialized engineering and maintenance services primarily in Korea. KEPC is listed on the Korea Exchange and the New York Stock Exchange.
The Simpson Thacher team for the transaction included Jin Hyuk Park, Joongwon Park, Chanik Park and William Son (Corporate – Hong Kong); Jonathan Cantor and Michael Leitner (Tax); Jeanne M. Annarumma (ERISA); and Jennie Getsin (Blue Sky).